VANCOUVER, March 23, 2012 /CNW/ - Starfire Minerals Inc. (the 'Company') announces that it has filed an amended management's discussion and analysis for the financial year ended October 31, 2011 (the 'Amended MD&A') to include additional disclosure required by applicable regulatory requirements, and is issuing this press release to clarify the Company's disclosure. The Amended MD&A is available on Sedar at www.sedar.com.

The Amended MD&A includes the following changes:

1. The date of the Amended MD&A has been changed to February 28, 2012 to correspond with the date of the auditor's report on the Company's audited financial statements for the year ended October 31, 2012.

2. Due to the change in the effective date of the Amended MD&A, changes have been made to the Outstanding Shares and Share Capital numbers in the Amended MD&A to reflect the Company's share consolidation which became effective on February 24, 2012.

3. The Amended MD&A includes certain changes to the October 31, 2011 4th quarter results.

The additional disclosure included in the Amended MD&A does not impact the audited financial statements of the Company for the year ended October 31, 2011 that were previously filed by the Company on SEDAR on February 28, 2012.

ON BEHALF OF THE BOARD OF DIRECTORS OF STARFIRE MINERALS INC.

'Dan Mosher'Dan Mosher, President & CEO

THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.